Stronger USD showing impact

Important news this week

Fri, 05th, 14:30 CET US NFP Employment Change.
Fri, 05th, 14:30 CET CA Unemployment Rate.

Dollar strength returns as crypto faces pressure

The US dollar is regaining strength, putting pressure on several major asset classes. Precious metals remain weak, with both Gold and Silver struggling to attract demand as rising dollar strength and higher yields weigh on sentiment. In crypto markets, Bitcoin has fallen below the 65,000 USD level and is now trading beneath its 50-month moving average, a development that could signal further downside pressure ahead. Broader crypto markets remain under pressure, with altcoins continuing to underperform as risk appetite fades.

In FX markets, the Japanese Yen remains weak across the board. USD/JPY is approaching the critical 160 level once again, increasing speculation that Japanese authorities could step in with verbal or direct intervention if depreciation accelerates further. The Canadian Dollar is also under pressure, weakening against most major currencies as growth concerns and softer economic momentum continue to weigh on sentiment.

Market talk

Markets are showing increasing signs of defensive positioning as the stronger US dollar gains traction. Metals and crypto remain under pressure, while FX traders continue to focus on diverging central bank policies and relative economic performance. The potential for Japanese intervention remains an important theme, particularly as USDJPY moves closer to historically sensitive levels. Overall, sentiment has shifted more cautiously, with traders favoring the dollar while reducing exposure to higher-risk assets.

Tendencies in the markets

• Equities sideways, USD stronger, BTC weak, oil sideways, Silver weak, Gold weak.